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Latest market news

Nepal’s KSCL opens DAP offers

  • Market: Fertilizers
  • 02/06/25

Nepalese fertilizer distributor KSCL received two offers at $899/t and $903/t cip in its tender to buy 30,000t of DAP, which closed on 23 May.

Aditya Birla gave the lowest offer — Sun International submitted the other offer.

KSCL asked for the DAP to be delivered to its warehouses within 107 days from opening the letter of credit in the following split:

  • Birgunj: 11,500t
  • Biratnagar: 8,500t
  • Bhairahawa: 10,000t

The prices are significantly up from offers at $859.90-865.50/t cip in KSCL's 20 May tender, which also sought to buy 30,000t of DAP.

KSCL has not yet awarded either its 20 May or 23 May tender.

By Tom Hampson

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10/06/25

Ethiopia's EABC delays urea, DAP buy tenders to 16 June

Ethiopia's EABC delays urea, DAP buy tenders to 16 June

Amsterdam, 10 June (Argus) — Ethiopian Agricultural Businesses (EABC) has extended the deadline for its tenders to buy 260,000t of urea and 170,000t of DAP to 16 June. The tenders had been due to close today. EABC is seeking five lots of 52,000t of granular urea for loading from the last week of June through to early August. The importer is also requesting offers for two 60,000t shipments of DAP, one loading on 20-25 June and the other on 10-15 July, as well as 50,000t of DAP loading on 10-15 July. Offers for both products are to be submitted on a fob basis, giving options for payment at sight and with 30 days' deferred payment. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Kazakh Jan-May sulphur rail shipments fall

09/06/25
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09/06/25

Kazakh Jan-May sulphur rail shipments fall

London, 9 June (Argus) — Sulphur transported by rail from the Kashagan and Tengiz projects to seaports on the Russian network dropped by 9pc to 1.85mn t in the first five months of this year, Russian rail data show. When factoring in sulphur rail shipments from other Kazakh refineries, the drop is smaller at only 6pc. Tengiz sulphur quantities fell by a substantial 26pc to 869,000t, with the majority moving to the Baltic port of Ust Luga for onward shipment at 835,000t. Just 34,000t went to Batumi on the Black Sea. The drop is attributed to maintenance early this year reducing output at some crude units at the plant. Kashagan sulphur rail shipments bucked the declining trend, rising by 14pc to 977,000t in the first five months of this year. This includes 568,000t delivered to Ust Luga on the Baltic Sea and 408,000t to Taman on the Black Sea. Crushed lump sulphur from Kashagan's block is expected to be depleted by July-August, and Kashagan's sulphur rail shipments for export markets are expected to drop by around 350,000-400,000 t/yr as a result. Crushed lump sulphur has been moved via Ust Luga and Taman ports alongside granular shipments, with Taman replacing Kavkaz in the fourth quarter of 2024 as the Black Sea port receiving crushed lump. Other Kazakh refineries contributed a further 32,000t to St Petersburg port and 6,000t to Ust Luga port, both on the Baltic Sea, and 31,000t to Taman port in the Black Sea. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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No offers under India’s NFL buy tender for NPKs

09/06/25
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09/06/25

No offers under India’s NFL buy tender for NPKs

London, 9 June (Argus) — Indian fertilizer importer NFL has not received any offers under its tender to its MOU suppliers to buy up to 50,000t each of NPK grades 10-26-26 and 12-32-16. The tender closed on 9 June and requested 25,000-50,000t of 10-26-26 for delivery to India's east coast and a same-sized supply of 12-32-16 to the country's west coast. The shipments had to depart by 31 July under the tender's conditions. The lack of offers for NPS/NPKs probably reflects a lack of global supply, particularly from China, where suppliers have suspended export offers for NP and NPS. Argus understands that the customs inspection for these grades was halted on 26 May . Indian importer IPL bought 20-20-0+13S NPS with the price rising by around $12/t in the latest business from Saudi producer Ma'aden for June shipment. Meanwhile, fellow Indian firm FACT has extended the closing date of its tender to buy up to 50,000t of NPS 20-20-0+13S to 16 June from 9 June. By Elena Mataro Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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India’s Fact issues tender to buy phosphoric acid

04/06/25
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04/06/25

India’s Fact issues tender to buy phosphoric acid

London, 4 June (Argus) — Indian fertilizer producer and importer Fact has issued a tender to buy up to 12,000t of phosphoric acid solution, closing on 9 June. Fact wants the acid to contain 46-53pc P2O5 and the cargo should arrive at Kochi on India's southwest coast between 1-10 July. Offers are to be given at a premium or discount to the current quarterly phosphoric acid contract price of $1,153/t P2O5 cfr India and are to include 30 days' credit. The Indian second-quarter phosphoric acid contract price is $98/t P2O5 above the first-quarter price. The third-quarter price is widely expected to settle higher again, following a more than $100/t rise in DAP cfr prices in India since the beginning of April. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Nutrien weighing options to increase potash exports

03/06/25
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03/06/25

Nutrien weighing options to increase potash exports

Houston, 3 June (Argus) — Canadian fertilizer producer Nutrien is considering options to increase its west coast potash port capacity in anticipation of rising global demand. Increasing potash export capacity on the west coast of North America is part of Nutrien's long-term strategy to strengthen supply chain resilience, the producer said. It is unclear, however, if Nutrien would focus on building extra capacity in the US or Canada. Currently Canpotex — Nutrien and US fertilizer producer Mosaic's joint potash marketing arm — exports roughly 13mn metric tonnes (t) annually. Nutrien has not shied away from sharing its strong potash demand outlook , noting in its first quarter earnings report that it expects global potash shipments in 2025 to range from 71mn-75mn t. Global potash shipments in 2024 reached 72.5mn t, exceeding their forecast from 68mn-71mn t. The MOP Nola price for the week ended 30 May was $327.50/st fob, up by 28pc from the start of January. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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